[Galaxy Microelectronics: Net profit in the first three quarters increased by 109.70% year-on-year] On October 19, Galaxy Microelectronics (688689.SH) announced that its operating income in the third quarter was 399 million yuan, a year-on-year increase of 48.77%; the net profit attributable to shareholders of the listed company was 48.818 million yuan, a year-on-year increase of 155.98%. Operating income in the first three quarters was 1.010 billion yuan, a year-on-year increase of 35.65%; net profit attributable to shareholders of listed companies was 97.0765 million yuan, a year-on-year increase of 109.70%. The performance growth was mainly due to the rebound in downstream demand for consumer and automotive grade semiconductor products during the reporting period. The company seized market opportunities, optimized its customer and product structure, and achieved rapid growth in operating income. At the same time, it strengthened cost control and promoted cost reduction and efficiency improvement, resulting in a year-on-year increase in gross profit. In addition, after the convertible corporate bonds are converted and redeemed, the related interest expenses are significantly reduced, and the financial expenses are correspondingly reduced, driving the total profit to increase significantly year-on-year, and the net profit to increase accordingly. Xiaocai Note: The company’s Q3 net profit was 49 million, and Q2 net profit was 30 million. Based on this calculation, Q3 net profit increased by 63% month-on-month.